The Queen v. Lavigueur, 73 DTC 5538, [1973] CTC 773 (FCTD) -- summary under Subparagraph 20(1)(p)(ii)

By dwpv, 28 November, 2015

Although the taxpayer frequently loaned money, either on an interest free basis to tenants or on a short-term basis at a rate of interest that did not exceed his cost of funds, money-lending was not part of his ordinary business because no profit could be yielded to him by those loans.

Topics and taglines
Topic
Income Tax Act - s. 20(1)(p)(ii)
Tagline
low or no-interest loans
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
336192
Extra import data
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